Subjectr linucial Accodnting PAPER: BC-104 i..F.Tl!ir.Ifi4i i;11::... TIME ALLO\qED: 3 tN. MA-'( MARKS: 100 Attempt aoy FnaE qu$tiorr, AllquestioDs crny equll msrl* /Q,!o,l a.odeoods.oBlo R5\o.oo0snddrqooBabillfo'rhedourd'Edths A eddoB€d $c bil ! i. c e! b( c. a edlorro i ro tu".rediLor D. D sor dre billd.sbted by bh bt a l?%?,a o1r E Ujiy rh€ bitl is disholoued ad bank lays Bs-50 for mtiDg cbarg6. ru$ rnEnsin rhc book of a..D,C.D !trd.h. btiL Q.No.2 On 3 I n Mat. 2011, rhe Cash Book ofMr. Aqeel shows Rs.33156 as bdL balecq But il docs @r ssree !vit! dE baldce 6 shoft by the ?6s Book. On mmleisor, you fnd the lolowing disc.eptui* L l he paJmenr side ofde Cdh Book 'a nndd oesl by Rs.400. 2. a chcque is sd for Rs.524 on 25t Mdd! @ rtcord€d itrthe C6h Collm ofthe Cdh BooL 3. A cleque ofRs.600 deposired rW recorded h the Casn Colum ofth€ Casb Bmk, 4. on 2od tlel, rle debii bala@ ofRs.6,l04 6 m tle pEvious day w breught foNErd s cEdn bdletr. 5. ofrne roial clEques mouri"g Rs.46,056 drsM ir tle h5r @k of Mdcn, 2011, chcquB rotaling Rs 3l 76n an.,(hed in Ms'rh 6. Dividend ofRs.1.000 colleded by tne bdl \@ m! enteed in lle Ca5! Book. 7. l rade subscdprion ofRs.400 laid by the buk m ro! Eoorded in the Casn B@k. s. One origoirg cleqle irr ls- 1,400 wa reorded twi@ in the C4h Boolc l'replre a BekRd.ohcililrion Srar.nent Mrh t!. rrdp ofFvb€d sshboo&$it3lrMrEb2011. l.No.l F,0n lle rouowinc I@rBale@ ed adjstmqts, you de Muir€d to prcprrc Tnditrs ed P.olit ,tp 4e+ffinffiffih!*O1t- &. Pldi md Mchi!€r*a- Rills ReceivablJ- S!.iflDeltoB- P@h;es (adjusteo/ez- Builditrqs- 7- sdees}1u- \\,rler:j2,,, -, , -; PosGge & Ielegrm{4- c*ias€ Inwadi-Z-- B.dDAr')t*Z- cmaEe oLiNed!Z- --150,000 ---30,000 --_]01,600 -J40,000 _ 300,000 - -_--6000 - -66J00 /,500 _ 5,700 _-- <,000 -- 4000 Ca6h.t BoI- Cash i! hdi Closins stoc!,g- c^pnal .E- SudryC!€ditos- BiilsPayabl- Sarer- -- - -- Provision for Bad debts-- Resw= --31,800 -,--4,800 --.$0,000 120,000 --60,000 -- 30,000 wo20o -,- 2,t00 J20.000 t\alP/'r r( 'L.(n'n:at'tl4\4 ttt. Attih n. ^: ., q 2-s:t , ,,t6b rir Solrries 0paidtG.54,000 Yl ' ' , trt( r"',rere'ror cap hl 1bu iii). Raise Bad debh provisio! to 2.5% of d€btors .n), Ttus&r ?.s% ofnet profit to Resde A/c i"). t was disai,vaed in Jmuary, 2011 rhlt tie slock on 3l'Decmbq, 2O1O @ orcr oast by ls6,OO0 /Q,',lo,a b rakin€ ou lhe Tr iai Bal&e rhe accoMht 6!ds rhar tF 'obl of the cdir side qeds rhil oldebil ''ioebjtu.2.4l0.Hellaesr[ediferencerodsEpeNa@hrsdsubseqleoLlydet*6lbefouowing 'ni.."tc.: , te,-\ "r, \.Liooary puchbed lor Rs 890 bul dcbihn ro Miolty accout 6Ill,gEO, qu '<r' rij,. A -Jn, (l;50 reeived tm Alm qs fediEd Nie in hh ecomr '''.$ ('\l -"Ji,, ^ 'iii,. $,s.s R) 250paid for in!.allins s nochioe *E debited to Me€q acoMl a Rx.s20. -(r(\Y 0lr i,ir"il:s:d,uq".ssirthepwhasbookaRs.530hurostomefsaccoure!.@ftcdlrr€bit€d (r). a sale ofRs.1,000 ro Fawad was €r€.lited to bis aqut twice. (ri). Old tBitlr sold for tu.6,000 m pse.l thnuen shs book. ^f ww.booknstuff.com
Attempt aoy FnaE qu$tiorr, AllquestioDs crny equll msrl*/Q,!o,l
a.odeoods.oBlo R5\o.oo0snddrqooBabillfo'rhedourd'Edths A eddoBd $c
bil! i. c e! b( c. a edlorro i ro tu".rediLor D. D sor dre
billd.sbted by bh bt a l?%?,a o1r E Ujiy
rh bitl is disholoued ad bank lays Bs-50 for mtiDg cbarg6.ru$
rnEnsin rhc book of a..D,C.D !trd.h. btiLQ.No.2 On 3 I n Mat. 2011,
rhe Cash Book ofMr. Aqeel shows Rs.33156 as bdL balecq But il docs
@rssree !vit! dE baldce 6 shoft by the ?6s Book. On mmleisor, you
fnd the lolowing disc.eptui*L l he paJmenr side ofde Cdh Book
'a nndd oesl by Rs.400.2. a chcque is sd for Rs.524 on 25t Mdd!
@ rtcordd itrthe C6h Collm ofthe Cdh BooL3. A cleque ofRs.600
deposired rW recorded h the Casn Colum ofth Casb Bmk,4. on 2od
tlel, rle debii bala@ ofRs.6,l04 6 m tle pEvious day w breught
foNErd s cEdnbdletr.5. ofrne roial clEques mouri"g Rs.46,056 drsM
ir tle h5r @k of Mdcn, 2011, chcquB rotalingRs 3l 76n an.,(hed in
Ms'rh
6. Dividend ofRs.1.000 colleded by tne bdl \@ m! enteed in lle
Ca5! Book.7. l rade subscdprion ofRs.400 laid by the buk m ro!
Eoorded in the Casn [email protected]. One origoirg cleqle irr ls- 1,400 wa
reorded twi@ in the C4h Boolcl'replre a BekRd.ohcililrion Srar.nent
Mrh t!. rrdp ofFvbd sshboo&$it3lrMrEb2011.
l.No.l F,0n lle rouowinc I@rBale@ ed adjstmqts, you de Muird to
prcprrc Tnditrs ed P.olit
No-s En.er fire ihasind ddetiG io Joudai. PN tled io Leds md
Drsc Tdal Balee.t fiitlz 1"" ''#^{ I *"'q'}
-w,u.*'i'*:il'"[T;T***"'ki',nl t"-hi(iir. riFd E"rallneor delbod
tud Dininishins bdlrezdrhod ffgr,lilig-lib.(in). worl lLd ad iffome
sut d , :.''a tr"t1;ir,. capiar eypendio:m tuo Eveou qp@din:ru -',
tPl I grt I t'cj\o.7 The fo.lo'ing @ lne slm ed tisbiliti: o,
rrttr. Oais e1rb.
